Silver miners climb as U.S. dollar, Treasury yields retreat

First Majestic Silver

10/03/2023 17:51

** Shares of silver miners gain, tracking a 2% rise in spot
silver  XAG= 
    ** Precious metals rise as U.S. dollar and Treasury yields
slide, driving safe-haven flows into the white metal
    ** U.S. miners Coeur Mining Inc  CDE.N  and Hecla Mining Co
 HL.N  up 0.5% and 2%, respectively
    ** Canadian miners Pan American Silver Corp  PAAS.TO , First
Majestic Silver Corp  FR.TO , Fortuna Silver Mines Inc  FVI.TO 
and Wheaton Precious Metals Corp  WPM.TO  climb between 2.7% and
4.7%
    ** ETFs abrdn Physical Silver  SIVR.P , iShares Silver Trust
 SLV.P  and ProShares Ultra Silver  AGQ.P  up 1.9%-4.3%
    ** "There is keener risk aversion in the marketplace to end
the trading week, and that is likely prompting some safe-haven
demand for gold and silver," says Jim Wyckoff, senior analyst at
Kitco Metals
    ** Gold miners also climb

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))